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Italy's Atlantia considers stake buy in carrier Alitalia - report

Italy's Atlantia considers stake buy in carrier Alitalia - report
FILE PHOTO: A logo of the Atlantia Group is seen outside their headquarters in Rome, Italy August 31, 2018. REUTERS/Alessandro Bianchi/File Photo -
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Alessandro Bianchi(Reuters)
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ROME (Reuters) – Italy’s infrastructure group Atlantia <ATL.MI> is considering to buy a 35-40% stake in troubled carrier Alitalia for an investment of around 300 million euros (£270 million), newspaper Il Sole 24 Ore reported on Wednesday.

The group controlled by the Benetton family would discuss the issue at the board meeting scheduled on Thursday, added the newspaper citing sources close to the company.

Reuters was unable to immediately verify the report.

The industry ministry is leading talks between the administrators managing the loss-making Alitalia and state-owned railway group Ferrovie dello Stato, which is trying to set up a consortium to buy the carrier.

Last month, the government postponed for the fourth time a deadline for Ferrovie to present a binding rescue bid for Alitalia, extending it to July 15.

(Reporting by Giselda Vagnoni; Editing by Rashmi Aich)

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